106 E 5th St St · Egan, SD 57024

$125,000

3 bd · 1.0 ba · 1,021 sqft · SingleFamily public records · 158 Days on market

Built 1910 0.72 ac lot $122/sqft · 22% below area Est $161k · 22% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +12.1/30.0
• Appreciation +8.2/10.0
• Schools +3.7/10.0
• DSCR +3.6/10.0
• 1% rule +3.2/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Just 30 minutes north of Sioux Falls, you will find this Charming 1.5-Story Home on Nearly ¾ Acre! Welcome to 106 E 5th St in Egan—an inviting 1.5-story home offering space, character, and updates on a generous . 72-acre lot. This 3-bedroom, 1-bath property features a main-floor primary bedroom with two additional bedrooms on the upper level, providing a functional and flexible layout. Original oak hardwood floors are featured throughout most of the home, adding timeless warmth and character. Recent updates include a remodeled bathroom with a new vanity, updated flooring, and a new fan, along with added shelving for additional storage. A new front door with stained glass creates an attractive and welcoming entry. The property includes a detached garage and an additional shed, offering plenty of space for storage, tools, or hobbies. The expansive lot provides room for outdoor enjoyment and future possibilities. A great opportunity to own a well-maintained home with classic features, updates, and generous outdoor space.

Key facts

• Remodeled bathroom
• New front door
• Detached garage

Tags

• MAIN-FLOOR PRIMARY BEDROOM
• REMODELED BATHROOM
• ORIGINAL OAK HARDWOOD FLOORS
• NEW FRONT DOOR
• DETACHED GARAGE
• ADDITIONAL SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-26 ($-317/yr) — negative.
• To cash-flow at today's rent, offer at most $120k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (18.4% below list).
• Recommended offer: $102k (18.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#279 in SD) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• Colman-Egan School District 50-5 (rural): math 40% / reading 40% proficiency, ranked #111 of 148 in SD (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Colman Elementary - 03 (math 42% / reading 57%, grade D, #115 of 253 statewide, top 52%, 156 students, 14% FRL); Colman-Egan Jr. High - 02 (math 44% / reading 64%, grade B-, #36 of 143 statewide, top 29%, 47 students, 13% FRL); Colman-Egan High School - 01 (math 30% / reading 50%, grade F, #114 of 151 statewide, top 81%, 93 students, 20% FRL).
• Market conditions: 3 active listings in the ZIP; 23 units permitted in Moody County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($864 loan paydown + $8k appreciation (6.4% local appreciation)).
• At projected returns (6.4% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 158 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $102,003 (18.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 158 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.91%
• DSCR: 0.96
• GRM: 10.2

CMA / ARV

• ARV (median comp): $160,959
• List price: $125,000
• Delta: -22.34%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

6.36% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 2.06×
• Total profit: $37,108
• Equity at exit: $81,459

10-year hold

• IRR: 15.5%
• Equity multiple: 4.14×
• Total profit: $109,804
• Equity at exit: $150,273

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State South Dakota: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

3-day notice; mostly landlord-friendly.

Methodology + full state rankings →

ZIP-level market 57024

• Home prices YoY: 5.1%
• Active inventory: 3
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,020 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$125 /mo · $1,496/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $-26

Break-even live

Break-even rent $1,054

Max offer price $120,329

Occupancy floor 98%

Sensitivity live

Price	-10% $44	-5% $9	+0% $-26	+5% $-62	+10% $-97
Rent	-10% $-107	-5% $-67	+0% $-26	+5% $14	+10% $54
Rate	-1.0pp $37	-0.5pp $5	base $-26	+0.5pp $-59	+1.0pp $-92

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $125,000 Active 158 DOM
2. 2026-06-18
   days on market $125,000 Active 157 DOM
3. 2026-06-17
   days on market $125,000 Active 156 DOM
4. 2026-06-16
   days on market $125,000 Active 155 DOM
5. 2026-06-15
   days on market $125,000 Active 154 DOM
6. 2026-06-14
   days on market $125,000 Active 152 DOM
7. 2026-06-12
   days on market $125,000 Active 151 DOM
8. 2026-06-09
   days on market $125,000 Active 148 DOM
9. 2026-06-08
   days on market $125,000 Active 147 DOM
10. 2026-06-07
    days on market $125,000 Active 146 DOM
11. 2026-06-05
    days on market $125,000 Active 144 DOM
12. 2026-06-03
    days on market $125,000 Active 142 DOM
13. 2026-06-02
    days on market $125,000 Active 141 DOM
14. 2026-06-01
    days on market $125,000 Active 140 DOM
15. 2026-05-31
    days on market $125,000 Active 139 DOM
16. 2026-05-30
    days on market $125,000 Active 138 DOM
17. 2026-05-05
    price $125,000 1047-char remark

    Show marketing remark (1047 chars)

    Just 30 minutes north of Sioux Falls, you will find this Charming 1.5-Story Home on Nearly ¾ Acre! Welcome to 106 E 5th St in Egan—an inviting 1.5-story home offering space, character, and updates on a generous . 72-acre lot. This 3-bedroom, 1-bath property features a main-floor primary bedroom with two additional bedrooms on the upper level, providing a functional and flexible layout. Original oak hardwood floors are featured throughout most of the home, adding timeless warmth and character. Recent updates include a remodeled bathroom with a new vanity, updated flooring, and a new fan, along with added shelving for additional storage. A new front door with stained glass creates an attractive and welcoming entry. The property includes a detached garage and an additional shed, offering plenty of space for storage, tools, or hobbies. The expansive lot provides room for outdoor enjoyment and future possibilities. A great opportunity to own a well-maintained home with classic features, updates, and generous outdoor space.

18. 2026-04-04
    price $132,500 1047-char remark

    Show marketing remark (1047 chars)

    Just 30 minutes north of Sioux Falls, you will find this Charming 1.5-Story Home on Nearly ¾ Acre! Welcome to 106 E 5th St in Egan—an inviting 1.5-story home offering space, character, and updates on a generous . 72-acre lot. This 3-bedroom, 1-bath property features a main-floor primary bedroom with two additional bedrooms on the upper level, providing a functional and flexible layout. Original oak hardwood floors are featured throughout most of the home, adding timeless warmth and character. Recent updates include a remodeled bathroom with a new vanity, updated flooring, and a new fan, along with added shelving for additional storage. A new front door with stained glass creates an attractive and welcoming entry. The property includes a detached garage and an additional shed, offering plenty of space for storage, tools, or hobbies. The expansive lot provides room for outdoor enjoyment and future possibilities. A great opportunity to own a well-maintained home with classic features, updates, and generous outdoor space.

19. 2026-01-12
    listed $140,000 Active 1047-char remark

    Show marketing remark (1047 chars)

    Just 30 minutes north of Sioux Falls, you will find this Charming 1.5-Story Home on Nearly ¾ Acre! Welcome to 106 E 5th St in Egan—an inviting 1.5-story home offering space, character, and updates on a generous . 72-acre lot. This 3-bedroom, 1-bath property features a main-floor primary bedroom with two additional bedrooms on the upper level, providing a functional and flexible layout. Original oak hardwood floors are featured throughout most of the home, adding timeless warmth and character. Recent updates include a remodeled bathroom with a new vanity, updated flooring, and a new fan, along with added shelving for additional storage. A new front door with stained glass creates an attractive and welcoming entry. The property includes a detached garage and an additional shed, offering plenty of space for storage, tools, or hobbies. The expansive lot provides room for outdoor enjoyment and future possibilities. A great opportunity to own a well-maintained home with classic features, updates, and generous outdoor space.

20. 2023-05-31
    soldstatus $112,500 Sold 923-char remark

    Show marketing remark (923 chars)

    PERFECT Starter home or as an investment! Nice three bedroom, one bath home nestled on a HUGE 3/4 acre lot in Egan, SD. Only 30 minutes from Sioux Falls, Brookings and Madison. Highway 34 runs right by and it's a quick 10 minute drive to hit I-29. Kitchen cabinets are nice and recently added to property. Appliances are BRAND NEW! Living room is very spacious and has tons of natural light! Most of the home has original oak floors which, when refinished, would be gorgeous! Nice two-car garage with tool bench provides protection for your vehicles and room for extra storage! Second shed is behind the house which could be used as dog kennel or extra storage. New Tin Roof added last year as well as a wood burning stove. The lot with this property is HUGE and could be fenced for kids or pets and lots of room for a garden! Don't let this one slip through your fingers. Modestly priced and move-in ready. Sold As Is

21. 2023-05-01
    status Pending 923-char remark

    Show marketing remark (923 chars)

    PERFECT Starter home or as an investment! Nice three bedroom, one bath home nestled on a HUGE 3/4 acre lot in Egan, SD. Only 30 minutes from Sioux Falls, Brookings and Madison. Highway 34 runs right by and it's a quick 10 minute drive to hit I-29. Kitchen cabinets are nice and recently added to property. Appliances are BRAND NEW! Living room is very spacious and has tons of natural light! Most of the home has original oak floors which, when refinished, would be gorgeous! Nice two-car garage with tool bench provides protection for your vehicles and room for extra storage! Second shed is behind the house which could be used as dog kennel or extra storage. New Tin Roof added last year as well as a wood burning stove. The lot with this property is HUGE and could be fenced for kids or pets and lots of room for a garden! Don't let this one slip through your fingers. Modestly priced and move-in ready. Sold As Is

22. 2023-04-20
    listed $119,900 Active - New 923-char remark

    Show marketing remark (923 chars)

    PERFECT Starter home or as an investment! Nice three bedroom, one bath home nestled on a HUGE 3/4 acre lot in Egan, SD. Only 30 minutes from Sioux Falls, Brookings and Madison. Highway 34 runs right by and it's a quick 10 minute drive to hit I-29. Kitchen cabinets are nice and recently added to property. Appliances are BRAND NEW! Living room is very spacious and has tons of natural light! Most of the home has original oak floors which, when refinished, would be gorgeous! Nice two-car garage with tool bench provides protection for your vehicles and room for extra storage! Second shed is behind the house which could be used as dog kennel or extra storage. New Tin Roof added last year as well as a wood burning stove. The lot with this property is HUGE and could be fenced for kids or pets and lots of room for a garden! Don't let this one slip through your fingers. Modestly priced and move-in ready. Sold As Is

23. 2022-03-18
    soldstatus $77,500
24. 2021-11-03
    listed $74,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast SD · Resets to sale price

• Current annual tax: $1,496 · $125/mo
• Projected year-2 tax: $1,638 · $136/mo
• Expected delta: +$141/yr (+$12/mo · 9.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,240
• − Mortgage interest: −$7,002
• − Property taxes: −$1,496
• − Insurance: −$625
• − Repairs & maintenance: −$979
• − Management: −$979
• − Depreciation: −$3,636
• Taxable loss: −$2,477
• Est. tax savings @ 24.0%: +$595
• After-tax cash flow: $277/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Colman-Egan School District 50-5
• NCES district ID: 4614100
• Math proficiency: 40% ▼ -5.00%
• Reading proficiency: 40% ▼ -5.00%
• Median HH income: $54,779
• Composite: 37.38/100
• National rank: #8927
• State rank: #111 of 148 in SD

Livability — Egan

• Score: 58/100
• State rank: #279
• US rank: #21361

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Egan, SD
• Population (ZIP): 531

Population outlook (Moody County) Hauer SSP2

• Today (2025): 6,343 people
• By 2030: 6,280 · -1.0%
• By 2040: 6,295 · -0.8%
• By 2050: 6,520 · +2.8%
• By 2075: 8,657 · +36.5%
• By 2100: 13,277 · +109.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 9% Two or more races 7% Native American 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Iranian 13% Portuguese 10% Slovak 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 4% Vietnamese 2%

Political lean MEDSL · Moody

• 2024 margin: Solid R (+31.9) · D 33.0% · R 64.8% · Other 2.2%
• 2008→2024 swing: -36.6pp toward R · 2008: 4.8pp · 2024: -31.9pp
• All cycles: 2024: R+31.9 2020: R+24.1 2016: R+23.4 2012: R+3.5 2008: D+4.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.36%
• Current HPI: 130.664
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.70%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SD)

Industry	F500 HQs	Revenue
▸Utilities	1	$1B

Price history

+66.9% since first listed

8 events — show timeline

• 2026-05-05 Price Changed $125,000 REALTOR® Association of the Sioux Empire
• 2026-04-04 Price Changed $132,500 REALTOR® Association of the Sioux Empire
• 2026-01-12 Listed $140,000 REALTOR® Association of the Sioux Empire
• 2023-05-31 Sold (MLS) $112,500 REALTOR® Association of the Sioux Empire
• 2023-05-01 Pending — REALTOR® Association of the Sioux Empire
• 2023-04-20 Listed $119,900 REALTOR® Association of the Sioux Empire
• 2022-03-18 Sold (MLS) $77,500 REALTOR® Association of the Sioux Empire
• 2021-11-03 Listed $74,900 REALTOR® Association of the Sioux Empire

Property tax history

+12.2%/yr

Latest (2025): $1,496 · +8.2% YoY. Source: county tax records.